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Regional mortgage managers upbeat despite CMT suspension

Wednesday 23rd of July 2008
McBeath said much of CMT's recent growth was fueled by financial advisers outside the firm's traditional stomping ground in Canterbury, many of whose clients might have been caught out by the debenture debacle.

"Those investors will probably be wanting some cash," he said.

According to McBeath, the CMT - which is controlled by Fund Managers Canterbury - was hit harder by the run on redempt...

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